The Hindu Business Line : Scaling new highs: Sensex crosses 9,100-mark

STOCK prices continued to scale new highs on Monday with the BSE Sensex crossing the 9,100 levels. The upturn was in line with various international markets.

Brokers said there was select buying, but the major action in today's trading was in the large-cap and index stocks.

The BSE Sensex opened firm in the morning, taking cue from the rise in various Asian markets, and as the day progressed, it rose further. However, some selling at higher levels pared some losses. At the end of trading, the BSE Sensex closed at 9,133.67, up 66.39 points. The NSE's S&P CNX Nifty closed at 2,776.20 — up 19.75 points. Brokers said the rise in stock prices was mainly due to the strong inflow from foreign investors. Foreign institutional investors continue to be net buyers in Indian equities; and on Friday they were net purchasers to the tune of Rs 420 crore. "The markets gave yet another all-time high closing today and it appears that there is enough liquidity in the system, which is helping the markets to surge," said Motilal Oswal Securities in a report after the market close.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Stock Markets | Stock Markets

Stories in this Section
Long monsoon tail on view as `easterly wave' approaches

Attrition costs weigh down BPOs: Study

Reliance Info, China Telecom tie up for direct service

Industrial production index dips in Oct

11 MPs pay the price in money-for-questions scam

McLeod Russel close to acquiring Doom Dooma Tea — Size of deal likely to be Rs 50-60 cr

Gold tops Rs 8,000-mark in domestic market

Scaling new highs: Sensex crosses 9,100-mark

Written-off NPA recoveries to help beef up PSBs' profits — Higher dividend for this year on cards

Nevis Network develops chip-cum-security tool — Vinod Dham keen to invest in more cos

'Services, BPO exports to touch $60 b by 2010' — Quality talent, infrastructure key to retaining offshore edge